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IVES vs. SKYY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between IVES and SKYY is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.00.8

Performance

IVES vs. SKYY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wedbush ETFMG Global Cloud Technology ETF (IVES) and First Trust ISE Cloud Computing Index Fund (SKYY). The values are adjusted to include any dividend payments, if applicable.

50.00%100.00%150.00%200.00%250.00%300.00%350.00%400.00%JulyAugustSeptemberOctoberNovemberDecember
102.21%
351.25%
IVES
SKYY

Key characteristics

Sharpe Ratio

IVES:

0.89

SKYY:

1.88

Sortino Ratio

IVES:

1.33

SKYY:

2.43

Omega Ratio

IVES:

1.16

SKYY:

1.33

Calmar Ratio

IVES:

0.57

SKYY:

1.42

Martin Ratio

IVES:

4.08

SKYY:

12.19

Ulcer Index

IVES:

4.84%

SKYY:

3.47%

Daily Std Dev

IVES:

22.14%

SKYY:

22.49%

Max Drawdown

IVES:

-56.11%

SKYY:

-53.20%

Current Drawdown

IVES:

-17.39%

SKYY:

-5.55%

Returns By Period

In the year-to-date period, IVES achieves a 19.73% return, which is significantly lower than SKYY's 40.55% return.


IVES

YTD

19.73%

1M

1.46%

6M

11.45%

1Y

20.19%

5Y*

5.99%

10Y*

N/A

SKYY

YTD

40.55%

1M

1.89%

6M

33.04%

1Y

39.90%

5Y*

15.56%

10Y*

16.03%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


IVES vs. SKYY - Expense Ratio Comparison

IVES has a 0.68% expense ratio, which is higher than SKYY's 0.60% expense ratio.


IVES
Wedbush ETFMG Global Cloud Technology ETF
Expense ratio chart for IVES: current value at 0.68% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.68%
Expense ratio chart for SKYY: current value at 0.60% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.60%

Risk-Adjusted Performance

IVES vs. SKYY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Wedbush ETFMG Global Cloud Technology ETF (IVES) and First Trust ISE Cloud Computing Index Fund (SKYY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratio
The chart of Sharpe ratio for IVES, currently valued at 1.00, compared to the broader market0.002.004.001.001.88
The chart of Sortino ratio for IVES, currently valued at 1.47, compared to the broader market-2.000.002.004.006.008.0010.001.472.43
The chart of Omega ratio for IVES, currently valued at 1.18, compared to the broader market0.501.001.502.002.503.001.181.33
The chart of Calmar ratio for IVES, currently valued at 0.64, compared to the broader market0.005.0010.0015.000.641.42
The chart of Martin ratio for IVES, currently valued at 4.57, compared to the broader market0.0020.0040.0060.0080.00100.004.5712.19
IVES
SKYY

The current IVES Sharpe Ratio is 0.89, which is lower than the SKYY Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of IVES and SKYY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.50JulyAugustSeptemberOctoberNovemberDecember
1.00
1.88
IVES
SKYY

Dividends

IVES vs. SKYY - Dividend Comparison

IVES's dividend yield for the trailing twelve months is around 0.02%, while SKYY has not paid dividends to shareholders.


TTM2023202220212020201920182017201620152014
IVES
Wedbush ETFMG Global Cloud Technology ETF
0.02%0.00%0.00%0.00%0.39%1.16%0.38%1.02%0.64%0.00%0.00%
SKYY
First Trust ISE Cloud Computing Index Fund
0.00%0.00%0.23%0.78%0.17%0.54%0.95%0.27%0.35%0.41%0.17%

Drawdowns

IVES vs. SKYY - Drawdown Comparison

The maximum IVES drawdown since its inception was -56.11%, which is greater than SKYY's maximum drawdown of -53.20%. Use the drawdown chart below to compare losses from any high point for IVES and SKYY. For additional features, visit the drawdowns tool.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-17.39%
-5.55%
IVES
SKYY

Volatility

IVES vs. SKYY - Volatility Comparison

The current volatility for Wedbush ETFMG Global Cloud Technology ETF (IVES) is 8.02%, while First Trust ISE Cloud Computing Index Fund (SKYY) has a volatility of 8.92%. This indicates that IVES experiences smaller price fluctuations and is considered to be less risky than SKYY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%8.00%9.00%JulyAugustSeptemberOctoberNovemberDecember
8.02%
8.92%
IVES
SKYY
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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